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Although the women of the United States are confined within the narrow circle of domestic life, and their situation is, in some respects, one of extreme dependence, I have nowhere seen woman occupying a loftier position; and if I were asked... in which I have spoken of so many important things done by Americans, to what the singular prosperity and growing strength of that people ought mainly to be attributed, I should reply, To the superiority of their women.

--Alexis de Tocqueville, Democracy in America

Wednesday, May 2, 2012

Wall Street and FDR: Chapter 11

Let's talk about corporate socialists, the boys at the top of the pyramid:

The most successful communists live it up ya'll. The most successful communists are central banksters. Let's turn our attention to the wealthiest nation's central bank, the Federal Reserve. Let's also turn our attention to that infamous address, 120 Broadway, NYC a possible portal to hell. For those new to this blog or my series on documenting the financial dealings of the Elite, in the early part of the 20th century this address was a hangout for the biggest corporate socialists in the world. Observe the chart our talented host, Dr. Sutton has compiled:

THE FEDERAL RESERVE BANK OF NEW YORK AND 120 BROADWAYThe names of individual FRB directors changed between 1917 and the 1930s, but it was determined that, although the FRB had moved, four FRB directors still had offices at this address in the New Deal period, as shown in the following table:

Directors of the Federal Reserve Bank of New York in the New Deal Period

Director FRB of New York, 1927-1935, and chairman, General Electric Co. (120 Broadway)

Persons and firms located at:

120 BROADWAY

42 BROADWAY

Franklin Delano Roosevelt

Herbert Clark Hoover

Bernard Baruch

Gerard Swope

Owen D. Young

Others

American International Corp.

Grayson M-P Murphy (52 Broadway)

The Corporation Trust Co.

International Acceptance Bank,

Empire Trust Co. Inc.

(52 Cedar St.)

Fidelity Trust Co.

International Acceptance Trust

American Smelting & Refining Co.

(52 Cedar St.)

Armour & Co. (New York Office).

International Manhattan Co. Inc.

Baldwin Locomotive Works

(52 Cedar St.)

Federal Mining & Smelting Co.

Jackson Martindell (14 Wall St.)

General Electric Co.

John D. Rockefeller, Jr. (26 Broadway)

Kennecott Copper Corp.

Percy A. Rockefeller (25 Broadway)

Metal & Thermit Corp.

Robert S. Clark (11 Wall St.)

National Dairy Products Corp.

Yukon Gold Co.

Stone & Webster & Blodget, Inc.

Map of Wall Street Area Showing Office Locations for persons and firms mentioned in this book.

The fact that FDR had an office at this address is very symbolic to those of you who went through the Bolshevik studies. There we found out that the newly formed Bolshevik government was funneled gold through Guaranty Trust whose office was at 120. Dr. Sutton put it so:

We have noted that FDR's preferred office—he had two in the early 1920s—was the one at 120 Broadway. FDR's Georgia Warm Springs Foundation, Inc. was formed as a Delaware company in July 1926 with offices at 120 Broadway and remained at that address at least through 1936. The 1934 annual report for Georgia Warm Springs Foundation shows that its president was listed as Franklin D. Roosevelt, The White House, Washington D.C., with the head office of the foundation shown at 120 Broadway. The vice president and assistant secretary was Raymond H. Taylor, with secretary-treasurer Basil O'Connor, both shown at the 120 Broadway address.

So is the fact that so many monied interests all had their offices at this one building a coincidence? Dr. Sutton keeps it real:

Nothing is proven by a common geographical location. While 120 Broadway was a massive building, it was by no means the largest in New York City. But how does one explain the concentration of so many links to so many important historical events at one address? One could argue that birds of a feather flock together. On the other hand, it is more than plausible that these Wall Streeters were following the maxim laid down by Frederick Howe and found it more convenient, or perhaps more efficient for their purposes, to be at a single address. The point to hold in mind is that no other such geographical concentration exists and, if we ignore the persons and firms at 120 Broadway, there is no case for any relationship between these historical events and Wall Street. Which, incidentally, is also an excellent reason for retaining one's perspective in accepting the fact that we are discussing a small fraction of the banking community, a fraction that has in effect betrayed the financial center of a free economy.

The last part is the clincher - we're seeing the fruits of these command economists shutting down our free economy with their bogus regulations and taxpayer bailouts.

2 comments:

My opinion is tha communism is no longer the goal of TPRB but only a toll to gain more control. I see their goall as being a form of facsism where a few major companies in each of the principle wealth generating areas will be the only employers. Crony capitalism on steroids.

Communism, fascist, both are tools in the totalitarian toolbox. You might be interested in Antony Sutton's scholarly work on Western Technology and the Soviet Union where he details which corporations were actually working with the communist system to generate wealth as you describe. The workers got paychecks from the government, but Ford, for example made money also with their plant in Gorky. Sutton relates how some soldiers in Veitnam declared that it looked like the Viet Cong were driving Fords, which they were of course.

You can tell which companies are apart of this as they grow wealthier and shill the liberal lines: gayness, global warming, sustainability.

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"The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen....At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties."

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"The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements.... The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States.... The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it."-- Rep Louis McFadden, quoted in the New York Times, June 1930